Top 5 reasons why we shouldn't let Florida voters decide on Property Taxes

By
Real Estate Agent with Charles Rutenberg Realty, Inc.

I'm glad to see that Florida property taxes and the negative effects of the "Save Our Homes" amendment are finally being addressed in this year's legislative sessions. What concerns me the most however is that the new house proposals are leaning toward letting the voters decide on the new property tax structure. I have 5 top reasons why we shouldn't let voters decide.

1. One needs to remember that it was the Florida voters that got us into this unfair property tax mess to begin with when they passed the "Save Our Homes" amendment back in 1992.

2. Amendments tend to get approved by "headlines" or misleading proposal names like "Save Our Homes" and can get us into a bigger mess than we started with.

3. A voter approved amendment will take to long. If we let individual counties approve whatever they want it will take to 2010 and beyond. We need relief yesterday.

4. What happens if the voter amendment does fix what was broken when it is passed? Look how long its taken to discover that the "Save Our Homes" amendment was a mistake.

5. What happens if the amendment doesn't pass? Then we are back to square one and have lost the momentum for real tax relief.

Why don't we set out to fix the problem that was started back in 1992. I'm proposing that we go back to that year's property base and then add back 3% per year for inflation and whatever percentage the growth rate has been for those years to arrive at the amount our taxes would be today had the "Save Our Homes" never got passed in the first place. Then going forward we cap government spending every year to 3% plus growth rate instead of capping homesteaded property. This would bring much needed relief to second home owners, vacation properties and business owners. We could still keep the $25,000 homestead principle in place but the yearly cap of 3% would no longer be needed because of the cap on government spending. This would eliminate the problems and tax inequality that "Save Our Homes" has brought. Sometimes its the things that are the simplest that makes the most sense in solving complex problems. If you would like to contact your legislator about the recent tax proposals a county by county list is at http://politics.tampabay.com or visit www.tomburkett.com or my Tampa Bay Real Estate Blog at http://www.insidetampabayrealestate.blogspot.com

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Rainer
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Leah Ross
Your Tampa Bay Mortgage Source - Tampa, FL
Tampa, Florida Mortgage
Great, great post Tom!  You are right on the money!  When we open up these topics to the opinions of the voters, it becomes too emotional.  Not all the voters know the effects of their personal opinion.  Thank you for your education.
March 27, 2007 02:03 PM #1
Rainer
5,112
Tom Burkett
Charles Rutenberg Realty, Inc. - Tampa, FL
Thanks for your comment. It seems that the people complaining the most about taxes are the ones that are benefiting the most from the "Save our Homes". We need to address the pain of those that have been hit the hardest. The business owners, vacation homes, investment properties and people who recently purchased a house in the last couple of years. Please help me spread the word.
March 27, 2007 05:22 PM #2
Rainer
130,493
Billnulls Blog Florida Realty Professional
Charles Rutenberg Realty - Clearwater, FL
AHWD
Good post; information is always good....there are so many opinions-
August 19, 2007 10:59 AM #3
Rainer
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Ronald Gillis
Southwest Florida Notaries (Mortgage Notary Signing Agent) - Port Charlotte, FL
CNSA Southwest Florida. Notaries, Port Charlotte, 941-7-NOTARY

I still feel that taxes are not the problem.  Insurance rates are ridiculous.  To those that can afford two homes, they can pay those tax rates without any problems.  To those of us that own homes in FL, having the homestead exemption with cap is the way it should be.  In the three years since Hurricane Charlie, my taxes increased about 10% (3% each year) but my insurance rate increased 475% except that I switched to the Florida Citizens program, so it now is ONLY 100% higher.  10% or 100% higher, you tell me why I think that is where the problem lies!!!

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October 07, 2007 12:19 AM #4
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Tom Burkett

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